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By Travis Yule — CEO & Founder, Full Send Funding
Four months in business, $10,000 a month and a business bank account is the whole bar. Here is what a young file realistically gets, and how to strengthen it first.
In one sentence: A business qualifies at four months with $10,000 a month in revenue and a business bank account, because underwriting reads four months of statements and a younger business cannot produce them — and a young file should expect the lower end of the 80%–150% band and let a clean first cycle negotiate.
Yes. At four months in business, with $10,000 or more in monthly revenue and a business bank account, a business qualifies for revenue-based funding here. That is the whole threshold, and roughly 90% of applicants are approved.
Four months is the floor for a plain reason. Underwriting reads four months of business bank statements, and a business trading for less than four months cannot produce them. There is no credit score cut-off behind it, no business plan and no collateral requirement — it is arithmetic about how many statements exist.
The more useful question is not whether you can get funded at four months, but what you can realistically get, and what a young file should look like before it is submitted. If you are reading this at two or three months, skip to the preparation list: almost everything that decides the size of a first offer is free, visible in the statements, and better fixed now than explained later.
Revenue-based underwriting reads deposits rather than financial statements. What it is looking for is a pattern rather than an event: whether money arrives repeatedly, whether the balance behaves consistently, and whether a slow week is normal or exceptional.
Two months can be one good month and one lucky one. Four months is the window we actually underwrite from, and it is what the document ask is sized to — four statements, and the deposit history inside them.
Banks generally want two years, because they underwrite a different thing with different evidence: historical financial statements, tax returns, a trend across cycles. That is a reasonable standard for the money they lend at the price they lend it. It is also why a profitable, growing eighteen-month-old business is routinely turned down by a bank while being an entirely fundable proposition on cash flow.
The two are not in competition. They answer different questions with different evidence.
None of this takes capital, and all of it is visible in the statements. Every item below moves the offer, and every one is easier to fix before you apply than to explain afterwards.
One dedicated business account, receiving everything. The single highest-return step. Revenue landing in a personal account is generally not counted, so the business gets sized against an understatement of itself. If you do one thing before applying, do this one.
A real average daily balance. The remittance is paid out of the balance, not out of the monthly total. Leaving a float in the operating account moves the number that sizes the offer more than almost anything else you control.
Clean overdraft history. Zero negative days across the window is worth real money at any age, and disproportionately so on a thin file where every data point carries more weight.
Consistency over size. Twelve deposits of $1,000 read better than one deposit of $12,000, because the first is a business and the second could be anything.
A written explanation for anything unusual. A large one-off deposit, a slow week, a legal debit. On a four-month file there is no long history to absorb an anomaly, so supply the context yourself.
Signed contracts or recurring commitments, if you have them. They are not the underwriting basis, but a young business with contracted forward revenue is a materially different proposition, and an underwriter will read what you send.
The complete list of what is being read applies at any age — it just matters more when there is less of it.
The published rule is 80% to 150% of average monthly revenue, from $5,000 up to $10 million. A four-month-old business should expect the lower end of that band, and should understand exactly why.
It is not scepticism about the business. It is that the offer is sized to what the account can carry, and four months of history is simply less evidence than twelve. Less evidence means a more conservative multiple — the same business at month twelve, with the same revenue and the same behaviour, will price better on identical numbers.
A four-month-old business should expect the lower end of the range. That is a function of how much evidence exists rather than a judgment about the business — the same numbers at month twelve support a higher multiple.
Our published 0.8×–1.5× sizing rule applied to $20,000 of average monthly revenue. Actual offers depend on underwriting.
Two implications worth taking seriously:
Take the smaller amount. At four months, the strategic value of completing a clean cycle is far higher than the marginal value of a larger first advance. Renewals are where the terms actually improve, and a clean file outperforms almost everything else.
Do not chase the maximum by shopping the file everywhere. Multiple simultaneous applications produce a pattern that costs more than the extra amount is worth, and it is often a broker creating it on your behalf without saying so.
Waiting well past the floor. Four months is a genuine floor rather than a technicality. Businesses that wait for month twelve to apply often do so having already missed the opportunity the money was for.
Taking the largest number offered. Every extra dollar carries a remittance for the whole term, including the slow week you have not had yet. Run it against your worst week rather than your average one.
Stacking early. A second position at month six is the fastest way to end a promising trajectory. The mechanism is arithmetic and it is worth understanding before anyone calls you.
Assuming you need collateral. Our funding is unsecured — no collateral required, with equipment financing the stated exception, where the asset itself backs the deal and usually improves the terms.
Then this is the wrong product, and it is worth saying plainly rather than encouraging an application.
Revenue-based funding is underwritten from revenue. With no deposits there is nothing to read, and no amount of business plan substitutes for it. Below $10,000 a month, the realistic routes are personal capital, an SBA microloan or a CDFI, equipment financing where a specific asset is the need, or a business credit card while the business credit file is built — which takes six to twelve months and is worth starting now.
Come back when there are four months of deposits. That is not a brush-off; it is the shortest honest answer.
Four months in business, $10,000 a month in revenue, a business bank account, no open bankruptcies. Four months of statements is the whole document ask — send them directly, or link the account through Plaid, whichever you prefer.
A soft credit pull only, a decision within 24 business hours, and funding within 24 hours of approval — one to three business days end to end, with a 2pm ET cutoff for same-day wires. Amounts from $5,000, which is deliberately low precisely because young businesses often need a small, well-sized first facility rather than a large one.
Apply, or see what your revenue implies first.
The range chart applies the published 0.8× to 1.5× rule to $20,000 of average monthly revenue and nothing else, and the site's arithmetic audit recomputes it before publication. The four-month floor is the firm's own document requirement — underwriting reads four months of bank statements — and the preparation advice is the firm's own underwriting practice. The approval rate is the firm's own figure.
Yes. Four months in business, $10,000 a month in revenue and a business bank account is the entire threshold for revenue-based funding here, and roughly 90% of applicants are approved. There is no credit score cut-off, no collateral requirement and no business plan involved. Four is the floor because underwriting reads four months of bank statements, and a business trading for less than four months cannot produce them.
Because four months of business bank statements is the document ask, and a business trading for less than four months cannot produce them. What underwriting reads in that window is a pattern rather than an event — whether deposits arrive repeatedly, whether the balance behaves consistently, and whether a slow week is normal or exceptional. Two months can be one good month and one lucky one.
Because banks underwrite a different thing with different evidence — historical financial statements, tax returns and a trend across cycles. That is a reasonable standard for the money they lend at the price they lend it, and it is also why a profitable, growing eighteen-month-old business is routinely declined by a bank while being entirely fundable on cash flow.
The lower end of the published 80%–150% band — so a business averaging $20,000 a month should think in terms of roughly $16,000 rather than $30,000. That is about the quantity of evidence rather than scepticism: the same business at month twelve, with identical revenue and behaviour, supports a higher multiple.
One dedicated business account receiving all revenue; a real average daily balance rather than money that passes straight through; zero negative days across the window; consistency over size, since twelve deposits of $1,000 read better than one of $12,000; a written explanation for anything unusual, because a thin file has no long history to absorb an anomaly; and any signed contracts or recurring commitments, which are not the underwriting basis but will be read.
No. Our funding is unsecured, with equipment financing as the stated exception — there the asset itself backs the deal, which usually improves the price and the term. For a young business buying a machine or a vehicle, pricing the secured structure alongside the unsecured one is worth doing.
Waiting well past the floor, when four months is a genuine floor and the opportunity the money was for may not wait. Taking the largest number offered, since every extra dollar carries a remittance through a slow week you have not had yet. Stacking early — a second position at month six is the fastest way to end a promising trajectory. And shopping the file to a dozen funders at once, which creates a distress pattern that costs more than the extra amount is worth.
Not through revenue-based funding, and it is worth saying plainly rather than encouraging an application: with no deposits there is nothing to underwrite, and no business plan substitutes for that. Below $10,000 a month the realistic routes are personal capital, an SBA microloan or a CDFI, equipment financing where a specific asset is the need, or a business credit card while the business credit file is built — which takes six to twelve months and is worth starting now.
Travis Yule founded Full Send Funding in 2021 and leads it from Middle Grove, New York. He writes about working capital from the underwriting side of the table — what the numbers actually have to say before a business gets funded.